Oracle 1z0-415

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Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials Sample Questions:

1. What benefit does an exporter get when asking for a documentary credit (LC) to be confirmed by the advising or negotiating bank? (Choose the best answer.)

A) Confirmation of the LC removes all discrepancies in the documents submitted.
B) Confirmation of the LC ensures that the goods that are exported are of very high quality.
C) There is no benefit. LC confirmation is a practice that banks follow to earn more revenue.
D) After confirming the LC, the advising or negotiating bank will pay or promise to pay against presented documents, which after checking are found to be as

2. What happens to a customer account when a transaction is of type "foreign exchange purchase against account?" (Choose the best answer.)

A) The account is debited.
B) it depends on whether the customer account is Savings or Current.
C) The account is credited.
D) it depends on the currency being purchased.

3. In which product type are foreign exchange cash deal products configured? (Choose the best answer.)

A) Non Deliverable Forward
B) cash
C) spot
D) forward

4. Which three operations are not allowed for a product with the Discounted Straight Line method of revaluation? (Choose three.)

A) partial payment
B) limits tracking
C) rollover
D) cancellation

5. Tenors can be maintained at the LC product level and defaulted at the contract level. Which tenor maintained on the Product Preference screen would default at the contract level'? (Choose the best answer.)

A) Minimum
B) Minimum, Maximum, and Standard
C) Standard
D) Maximum

Solutions: